Behavioural Economics: A new approach to development policy
Approaching problems in development using behavioural economics thus leads to better diagnosis, which in turn leads to better-designed solutions. This paper sketches how to use behavioral insights to design development programs and policies. It distills the key insights of behavioral economics into a simple framework about the constraints under which people make decisions. It then shows how this framework leads to a set of behavioral design principles whose use can improve the reach and effectiveness of a variety of development programs......Read More
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